Auditing HUD-Regulated Properties

Residences for elderly and disabled individuals that operate
under guidelines of the Gov Audit Qual Ctr logo MEMBER BLUE 4 12 U.S. Department of Housing & Urban Development (HUD) exist in an intensely regulated environment and are subject to stringent auditing standards. Expertise in the regulatory factors and auditing requirements of HUD projects is essential to helping clients negotiate the complex maze of regulations and financial reporting.

G. T. Reilly & Company has been serving HUD-regulated clients in both the for-profit and the not-for-profit sectors for more than 30 years.

We help clients negotiate through the labyrinth of ownership and financial reporting regulations.

A sample of our experience with HUD includes audits of facilities involving:

Sec. 221(d)(4) HUD insured mortgages
Sec. 231 HUD insured mortgages
Sec. 232 HUD insured mortgages
Sec. 236 HUD insured mortgages
Sec. 202 direct loans
Sec. 202 capital advances
Various types of Sec. 8 rental assistance programs
Flexible subsidy notes
Sec. 236 interest subsidies
Cost certifications

In addition, we have extensive experience in assisting our clients with the electronic submission of financial statements through the Real Estate Assessment Center's (REAC) FASS System, as well filing on their behalf.

For further information please contact:

Frank T Ardito, CPA, Director and Vice President

G.T. Reilly & Company is an independently owned and operated member firm of both the Moore Stephens North America (MSNA) association of member firms and the Moore Stephens International Limited (MSIL) network of member firms. Neither MSNA nor MSIL provide services to clients. G.T. Reilly & Company is a separate and distinct legal entity, subject to the laws and professional regulations of the jurisdiction(s) in which it operates, and is not authorized to obligate or bind MSNA, MSIL, or any other member firm of MSNA or MSIL. G.T. Reilly & Company is liable only for its own acts or omissions and not those of any other person or entity including MSNA, MSIL and other member firms of MSNA and MSIL.